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Aircraft Antenna - Global Market Trajectory & Analytics

  • ID: 4804461
  • Report
  • January 2021
  • Region: Global
  • 328 pages
  • Global Industry Analysts, Inc
Fleet Expansion Plans are Dead in the Water. Aerospace Manufacturing Faces its Worst Ever Crisis. Aircraft Antennas Slump by -11.5% in Response to the Challenges.

The global market for Aircraft Antennas is expected to slump by -11.5% in the year 2020 before making a long and painful recovery to reach US$ 662.5 million by the year 2027, trailing a post COVID-19 CAGR of 6.6%, over the analysis period 2020 through 2027. The commercial aerospace industry which until 2019 witnessed stable growth guided by encouraging increases in air traffic volumes both cargo and passengers, is now heading for a devastating year in 2020, and estimated to register losses running into billions. Business has been severely disrupted in the aerospace industry across all regions, starting with Asia-Pacific, which is projected to bear the major absolute loss in 2020. Global traffic which was doubling for over a decade now has suddenly come to an abrupt end leaving unprepared airliners in shock with no revenue and structurally high costs. Outright bans and restrictions on international and domestic travel and lockdowns have evaporated demand for passenger flight services overnight, with total passenger traffic estimated to decline by 52.7%. The number of passengers is projected to drop dramatically to the 2006 levels, around 2.26 billion. Despite attempts to reopen and ease the restriction and efforts by airlines to drive passenger traffic through price stimulation, passenger revenues are anticipated to reduce to $241 billion, a major fall in comparison to $612 billion recorded in 2019. With second and third waves of infections continuing to sweep through countries worldwide and a vaccine still not sight, all non-essential travel and tourism will continue to remain muted. Complicated air safety regulations which are expected to follow in the post COVID-19 era such as immunity passports, mandatory quarantining of all travelers, among others will worsen the recovery process.

Growth in air travel and tourism which until now was a key driver of growth was largely led by the growing affluence of an expanding base of middle class population. The pandemic has dealt this very important growth drive a mortal blow in the form of rising levels of unemployment and erosion in household wealth. As of November 2020, over 50 airlines have already failed and filed for bankruptcies with more expected to follow. The industry is now heavily relying on the government rescue and bailout packages and funding to stay afloat and prevent nightmarish mass bankruptcies which are bound to follow in the absence of immediate financial aid. The U.S government has already budgeted stimulus bill to the tune of US$ 60 billion in aid for airlines which includes US$ 29 billion in payroll grants for workers, and another US$ 29 billion in loans for airlines. Inspite of the measures taken several companies have already collapsed. Especially vulnerable are low cost carriers who given their poor business model are intrinsically not suited to survive disruptions of this scale. Against this backdrop, aircraft manufacturers and their suppliers also coming under immense pressure. Countries such as Indonesia, Vietnam, Malaysia, India among others which were ordering thousands of planes buoyed by an emerging middle class population, have abruptly put expansion plans on hold, impacting orders for manufacturing giants such as Boeing and Airbus. With fleet expansion plans virtually annihilated, aircraft OEMs giants like Boeing is lobbying for billions of dollars in state support, while Airbus SE is extending credit lines and cancelling shareholder dividends. With production lines at the unprecedented halt, manufacturers of aircraft antennas are bracing for a year of production and demand disruption and revenue losses.

In the post COVID-19 period, growth will be led by the move towards context aware connected aircraft. Effective and uninterrupted communication holds a pivotal role in aircraft safety. The aviation industry needs sophisticated technology to ensure communication between air traffic controllers and pilots. Aircraft communication goes beyond the connectivity among crew members and other aircraft to encompass other teams including airport operators, aviation specialists and security personnel. The communication plays a major role in enhancing safety and reducing the risk of catastrophic accidents, which can be prevented using effective communication. Aircraft communication is also gaining traction owing to increasing demand for consumers to stay connected during their flights. The need to access the Internet for accessing email, movies and communicate with people during air travel has accentuated the significance of aircraft communication. While an increasing number of airlines are offering in-flight Internet services, pilots continue to deal with traditional technologies, leading to disparate, complex and ineffective communication that delays response to unexpected events. Recent advances in aircraft communication are opening new avenues for better communication in the 21st century. Advanced technologies intended to serve the aviation industry are playing a vital role in seamless communication and data transfer over multiple links. These communication options are serving diverse needs of modern aircraft and providing pilots with information regarding traffic or weather for enhanced safety. The critical need to improve communication and align it with other standards and continuing digitalization will continue to result in major expansion of aircraft communication systems. Antennas are sophisticated devices intended to offer the necessary pivot to a communication system by facilitating reception and transmission of radio signals. These structures can radiate or receive electromagnetic waves for ensuring uninterrupted communication. Antennas convert the desirable information or signals into electromagnetic waves to support wireless communication. Since the development of wireless technology and practical use of radio communication, the antenna has evolved rapidly in terms of functions and became an integral part of modern wireless communication systems.

Select Competitors (Total 43 Featured):
  • ACR Electronics, Inc
  • Aeronautical Accessories, Inc (Bell, Textron Inc)
  • Amphenol Corporation
  • Antcom Corporation
  • Astronics Corporation
  • Azimut
  • Beijing BDStar Navigation Co., Ltd
  • Cobham Limited
  • Collins Aerospace
  • Emergency Beacon Corporation
  • Honeywell International Inc
  • HR Smith Group of Companies
  • JDA Systems
  • L3Harris Technologies Inc
  • RAMI
  • Sensor Systems Inc
  • Spectrum Antenna & Avionics Systems (P)Ltd
  • Stt-systemtechnik GmbH
  • Smiths Interconnect
  • The Boeing Company
  • Trig Avionics Limited
  • U B CORPORATION
  • Verdant Telemetry & Antenna Systems

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Felled by the COVID-19 Pandemic, the Airline Industry Bites the Dust Sending Shockwaves of Pain Ripping Through the Aerospace Value Chain
  • A Severely Battered Global Economy Struggles to Revive
  • EXHIBIT 1: COVID-19 Leaves the World in Shambles & Industries and Markets Upended: World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
  • A Slumping Manufacturing Industry Darkens the Outlook for Aircraft Manufacturing. Aircraft Antenna Manufacturers Stare at US$55.2 Million in Losses for the Year 2020
  • EXHIBIT 2: Manufacturing Industry Collapses, Severing Business as Usual Opportunities for Aircraft Antennas: Global PMI Index Points for the Years 2018, 2019 & 2020
  • EXHIBIT 3: As Coronavirus Spreads, the Grounded Aviation Industry Transfers the Economic Pain to Upstream Markets Including Aircraft Antennas: Global Airlines Performance by Region: 2020 Vs 2019
  • EXHIBIT 4: With the Aviation Industry on the Brink of Annihilation, Aircraft Assembly Lines Will Take Longer to Recover: Expected Revenue Losses in Global Aviation (In US$ Billion) for the Year 2020
  • EXHIBIT 5: Rising Bankruptcies Bear Testimony to the Devastation Unleased by the Pandemic on the Commercial Aviation Industry: Global Number of Airline Bankruptcies for the Years 2015, 2018, 2020 (1H)
  • EXHIBIT 6: Even if the Pandemic Ends, the Economy Can Keep People from Flying: Unemployment in the U.S. (In Million)
  • Declines in Air Cargo Worsens an Already Punishing Business Climate
  • EXHIBIT 7: Logistics Similar to Passenger Travel Also Bears the Brunt of the Pandemic: Global Logistics Industry 2019 Vs 2020 Growth (In %)
  • As the World Moves Towards Context Aware Aircraft, the Role of Antennas Will Get Bigger. Here’s Why
  • The Importance of Communication in Aircraft
  • Significance of Antennas in Communication Systems
  • Aircraft Antennas & Their Types: A Review
  • Recent Market Activity
  • Innovations
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
  • The New Era of Connected Aircraft Brings a Wealth of Opportunities for Innovation & Development of Antenna Systems
  • EXHIBIT 8: Robust Outlook for the Future of Connected Aviation to Open Up Aircraft Connectivity Challenges for Antennas to Solve: Global Number of Connected Aircraft (In Units) for the Years 2016, 2018, 2021, 2025 & 2029
  • Post COVID-19 Focus on Lowering Aviation Carbon Footprint to Drive Bigger Roles for Satellite Communications in Aviation
  • Here’s Why the Environment & Sustainability Will be Top Priorities After the Pandemic
  • EXHIBIT 9: Weathering the Economic Storm Does Not Mean Disregarding the Environment! Now is the Time for a World Which Prioritized Defense Over Health & Environment to Wake Up: Global Defense, Health & Energy R&D as a % of GDP
  • Post COVID-19 Focus on Lowering Aviation Carbon Footprint to Drive Bigger Roles for Satellite Communications in Aviation
  • EXHIBIT 10: Compliance Standards for Reducing Emissions from Aviation to Become Stricter, Post Pandemic: Global GHG Emissions from Transportation (In Billion Metric Tons of CO2) for the Year 2021
  • EXHIBIT 11: Global CO2 Emissions (In Billion Metric Tons) for the Year 2021
  • EXHIBIT 12: New Satellite Based Communication Systems Help in Achieving Flight Operational Efficiency, Fuel Saving & CO2 Emission Reductions: Potential Global CO2 Emission Benefit Offered by Satellite Communications (In Million Tons Per Year)
  • The Age of Automation & Machines That Will Follow the Pandemic Will Throw Up Opportunities in the UAV Space
  • A Peek Into the Evolving Landscape of UAVs
  • Here’s How UAV Antennas are Benefiting & Evolving In Response to the Dynamics of Commercial UAV Deployment
  • EXHIBIT 13: A Robust Production Line for UAVs Post Pandemic Brings a Wealth of Opportunities for Aircraft Antennas: Number of Countries Worldwide Using Drones/UAVs by Type for the Years 2010 & 2020
  • When Grounded Flights Take to the Skies Post Pandemic, Pent Up Demand for Aftermarket Antennas Will Come from the MRO Sector
  • “Bloodbath” in the Airline Industry Impacts the MRO Sector
  • Looking Beyond Current Challenges & Moving Forward in the New Normal
  • EXHIBIT 14: Embattled Airlines Worldwide Park Thousands of Airplanes Creating an Unprecedented Challenge for Keeping Them Airworthy: Global Number of Jet Planes Parked at the Peak of the Pandemic in April 2020
  • EXHIBIT 15: When Aircraft Queue-Up in Hangars Across the World After Idling for Months, A Recovering MRO Market Will Drive Upgrades & Replacements of Antennas: Global Market for MRO (In US$ Million) for Years 2021, 2023, 2025, 2027
  • Long-Term Growth for Advanced Aircraft Antennas Will be Led by Airspace Modernization Programs
  • In-Flight Entertainment and Connectivity (IFEC) Presents a Strong Business Case for Aircraft Antennas
  • A Peek Into the Evolving In-Flight W-Fi Landscape
  • Supported by Satellite Antennas, Satellite Connectivity Becomes Vital for Ensuring High Quality In-Flight Wi-Fi
  • Antennas Perform the Magic of Providing Wi-Fi on Airplanes
  • EXHIBIT 16: Better Antennas Are Needed for Better Internet Freedom in the Air. As Key In-Flight Wi-Fi Components, Antennas to Benefit from the Roust Demand for In-Flight Wi-Fi Service: Global Market for In-Flight Wi-Fi (In US$ Billion) for Years 2021, 2023, 2025, 2027
  • Stringent Regulatory Norms Expands Replacement Opportunities While Stepping Up Quality Pressures on Manufacturers
  • Emerging New Technologies for Urban Mobility to Step-Up the Excitement in the Market, Post Pandemic
  • Commercialization of eVTOL Aircraft Opens Up a New Growth Avenue
  • EXHIBIT 17: The Exciting Future of Flying Taxis Will Lift-Off New Opportunities for Aircraft Antennas by 2035: Global Number of Passenger Drones (In Units) for Years 2025, 2030, 2035
  • Increasing Use of Aerial Telemetry & Flying Antennas to Spur Demand & Innovation in the Market
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • GEOGRAPHIC MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • AFRICA
IV. COMPETITION
  • Total Companies Profiled: 100
Note: Product cover images may vary from those shown
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